NEWTON, Mass., May 20, 2019 /PRNewswire/ -- Examity today announced that it has been recognized as the 7th fastest-growing company in Massachusetts by the Boston Business Journal's annual Fast 50 list. This is the second straight year of recognition for the company, which provides an AI enabled learning validation and online proctoring solution for higher education institutions, employers, and certification providers. Examity doubled in size over the past year, and recently secured $90 million from Boston-based private equity firm Great Hill Partners.
"Colleges and employers are no longer asking whether they should implement online learning -- they're asking how they can do it in ways that preserve the integrity of the educational experience," said Michael London, Founder and CEO of Examity. "Our work is about validating learning outcomes as a growing number of organizations turn to online exams to make high-quality education more accessible."
Examity's continued growth reflects the rising demand for secure online assessment solutions, as digital learning becomes increasingly popular among both higher education institutions and employers. Recent research suggests that more than one-third of all college students take at least one course online, and nine in 10 employers offer digital learning to meet the needs of workers who value the flexibility and personalization of online programs.
Examity's solution is unique in that it provides a variety of proctoring modalities, from automated through to live, for a diverse cross-section of partners, including Boston University, Amazon, Western Governors University, Indiana University, and Coursera. The company's proprietary technology leverages AI and machine learning to protect exam content, ensure test integrity, and streamline the online assessment experience.
Examity has grown by 542% since 2015, and was recognized last year by Deloitte's Fast 500 as the fastest-growing Edtech company in North America. Since January, the company has welcomed 15 new team members to its recently opened Newton, MA office, and plans to hire as many as 75 more employees by the end of 2019.
Examity was founded to meet the needs of colleges, employers, and certification providers looking to ensure integrity. Since its founding six years ago, Examity has partnered with 500+ institutions and certification programs worldwide to provide a cost-effective and flexible online proctoring and learning validation solution. For more information, visit Examity.com or follow the company on Twitter @examity.